www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - January 7, 2014
REVISED January 7, 2014 - Regular Meeting
Agenda Item #26


Subject
Tourism-Related Capital Project Funding Criteria

Briefings
None

Contact and/or Presenter Information

Elliott Falcione, Executive Director, CVB (Presenter) x5913

Monica Luff, Sr. Admin. Specialist (Contact Person) x5913



Action Requested

Approval to use set criteria for evaluating future capital projects that are requesting funding out of the Tourism Tax Proceeds.



Enabling/Regulating Authority

Manatee Code of Laws 2-29-25  Tourist Development Plan

F.S.S. 125.0104  Authorized uses of Resort Tax Funds



Background Discussion
  • December 9, 2013, Tourist Development Council unanimously recommended approval.
  • Even with growth in tourist tax revenues, there will be limited funding available for community capital projects going forward if we are to continue to meet our requirements for our other core marketing efforts and initiatives.
  • To insure that we maximize our return on our investment, we have established criteria for the Tourist Development Council and County Commissioners to consider when evaluating future tourism-related capital projects that are requesting funding out of the tourism tax proceeds.
  • The criteria will give us the best chance to continue to develop tourism-related amenities in our community, that will ultimately grow our industry, job creation and will provide economic stimulus.


County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
copy of approved agenda memo to monica.luff@bacvb.com

Cost and Funds Source Account Number and Name
n/a

Amount and Frequency of Recurring Costs
n/a


Attachment:  Tourism-Related Project Funding Criteria .pdf